Canacol Energy (CNE) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canacol Energy in the last twelve months. There are currently 3 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CNE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNE, but not buy additional shares or sell existing shares.
View CNE analyst ratings or view top-rated stocks.

3 Wall Street research analysts have issued 1 year price targets for Canacol Energy's stock. Their CNE share price targets range from C$5.40 to C$9.00. On average, they predict the company's share price to reach C$7.80 in the next year. This suggests a possible upside of 77.7% from the stock's current price.
View analysts price targets for CNE or view top-rated stocks among Wall Street analysts.

Canacol Energy's stock was trading at C$6.96 at the start of the year. Since then, CNE stock has decreased by 36.9% and is now trading at C$4.39.
View the best growth stocks for 2024 here.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CNE earnings forecast.

Canacol Energy Ltd (TSE:CNE) posted its quarterly earnings results on Thursday, March, 21st. The oil and gas exploration company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.48. The oil and gas exploration company had revenue of $132.05 million for the quarter, compared to the consensus estimate of $96.48 million. Canacol Energy had a net margin of 27.31% and a trailing twelve-month return on equity of 26.80%.

Canacol Energy announced a quarterly dividend on Wednesday, December 20th. Stockholders of record on Friday, December 29th will be given a dividend of 0.26 per share on Monday, January 15th. This represents a $1.04 annualized dividend and a dividend yield of 23.69%. The ex-dividend date of this dividend is Thursday, December 28th.
Read our dividend analysis for CNE.

Canacol Energy (TSE:CNE) pays an annual dividend of C$1.04 per share and currently has a dividend yield of 22.22%. CNE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.23%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNE.

Canacol Energy's stock reverse split before market open on Friday, January 20th 2023. The 1-5 reverse split was announced on Friday, January 20th 2023. The number of shares owned by shareholders was adjusted after the closing bell on Friday, January 20th 2023. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canacol Energy investors own include Frontera Energy (PRE), Avianca (AVH), Ecopetrol (EC), Gran Tierra Energy (GTE), Whiting Petroleum (WLL), Air Canada (AC), Aecon Group (ARE), CEMEX (CX), Parex Resources (PXT) and Alimentation Couche-Tard (ATD.B).

Shares of CNE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.